Insurers: Health overhaul to hike some premium rates

Stephanie

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Jul 11, 2004
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do we say, thank you Mr. President

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Originally published: March 15, 2013 7:10 PM
Updated: March 17, 2013 4:01 PM
By TOM MURPHY The Associated Press



Photo credit: AP | Insurance companies are saying the health care reform will come with increased premiums, but it appears that the hardest hit group will be those who buy their own insurance as opposed to being covered under employer-sponsored plans, and to a lesser extent, some employees of smaller companies. (Feb. 7, 2013)

Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.

The nation's big health insurers say they expect premiums -- or the cost for insurance coverage -- to rise from 20 percent to 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January 2014.

Mark Bertolini, chief executive of Aetna Inc., one of the nation's largest insurers, calls the price hikes "premium rate shock."

"We've done all the math, we've shared it with all the regulators, we've shared it with all the people in Washington that need to see it, and I think it's a big concern," Bertolini has said.

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Insurers: Health overhaul to hike some premium rates
 
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